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Bank Manager Stole •10 Million

Date Posted: 2000-10-06

A former branch manager of Okinawa Kaiho Bank is accused of forging a customerís name on a loan application and then taking •10 million in the customerís name and using the money to pay off his own loans. The manager has reportedly confessed and is under arrest. The police are preparing to send the case to Naha District Prosecutorsís Office for indictment. The bank immediately fired the manager when the incident came to light in the bankís routine internal check-up.